Ferrell Karen E. 4
4 · VIVUS INC · Filed Feb 24, 2020
Insider Transaction Report
Form 4
VIVUS INCVVUS
Ferrell Karen E.
Director
Transactions
- Award
Non-Qualified Stock Option (Right to Buy)
2020-02-20+15,000→ 15,000 totalExercise: $2.41→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]One twelfth (1/12th) of the total number of shares underlying the option vest and become exercisable on the monthly anniversary date following June 5, 2019, subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2018 Equity Incentive Plan) on the relevant vesting dates.
- [F2]The option expires on the earlier of (a) February 20, 2027 and (b) the six (6) month anniversary of the date the reporting person ceases to be a Service Provider.